In a report issued on February 22, Josh Wolfson from RBC Capital maintained a Hold rating on IAMGOLD (IAG – Research Report), with a price target of $4.00. The company’s shares closed last Tuesday at $3.20.
According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -2.7% and a 45.6% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Kirkland Lake Gold.
Currently, the analyst consensus on IAMGOLD is a Moderate Buy with an average price target of $4.50, a 36.4% upside from current levels. In a report issued on February 17, Canaccord Genuity also maintained a Hold rating on the stock with a C$5.25 price target.
The company has a one-year high of $5.35 and a one-year low of $1.44. Currently, IAMGOLD has an average volume of 5.18M.
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IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.